'Major crisis still ahead, past one was minor'

Senior Research Scholar at Yale University Immanuel Wallerstein believes that the real economic crisis is still up ahead. According to Wallerstein, last years collapse was its minor version.

Category:

News & Politics

Tags:

• economy
• crisis
• collapse
• Crisis Chronicle
• stimulus
• measures
• financial
• slump
• United
• States
• U.S.
• governments
• debts
• Wall Street
• Lehman Brothers
• banks
• bubble
• dollar
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• Immanuel
• Wallerstein
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[subjer0]

Our government is not really turning socialist, it's turning into a fascist/corporatocracy country.

[t4ac3y1]

Excellant interview, he explains the macro economics of coming events very well.

[GreenmeGo]

Nice interview Ms. Sophie

[Alxalifate]

I like you Mr Wallerstein,I have your book about The Origins of Capitalist Agriculture since The 16th C,as for America-The C.I.A peadophiles and their english counterpart capitalist dogs have spied on us for 14years,we don't want American Imperialism,more people feel that! Our Parents said before I was 10yrs old "Americans ARE ALWAYS POKING THEIR NOSE WHERE IT'S NOT WANTED!" along with Asian and Jewish Imperialism,we HAVE NOT GOT TO TAKE IT! FREE WORLD NOW DOWN WITH CAPITULATION and ABUSE!

[sonderweg86]

@thecisco666 Wallerstein has notthing to do with the Zeitgeist movement. It seems to me that Wallerstein would not support that movement, because Zeitgeist believes that technology can resolve all the problems we have, and Wallerstein never says that. In fact, Wallerstein is against "productivism" and all that ideology.

[liverpoolgerrard0724]

I don't get how this video only has 19,000 views.. The other 100 million+ youtube views don't have a clue as to why the United States is under a financial crisis. Wallerstein clearly explains everything.

[MichaelParentiOrg]

Thanks for sharing! added to my playlist Much appreciated

Kind Regards, MP friends

"Here at home and throughout the world people are fighting back against the forces of wealth, privilege and militarism — some because they have no choice, others because they would choose no other course but the one that leads to peace and justice." — Michael Parenti

[mdgarciasa]

I've been reading some of Wallerstein's essays from the late 90's and early 2000s and his accuracy in predicting some events is impressive. We're about to see if the dollar collapse actually occurs, as well as the bubble created by the government bailouts and the new geopolitical alliances...